BDO partners with Diners Club for new credit cards
BusinessWorld - 2018-05-24
In October 2016, BDO became the official issuer of Diners Club cards in the country following its acquisition of rights from the credit card arm of Security Bank Corp. "We acquired it late 2016, and of course with any acquisition of a new scheme ...

Alsons looks at Leyte and Samar in Visayas for growth
BusinessMirror - 2018-05-24
ALSONS Consolidated Resources Inc. (ACR) is looking at business opportunities in the Visayas, particularly in light of the economic recovery of the Eastern Visayan provinces of Leyte and Samar, where demand for power is anticipated to grow. "This ...

Solo: a radical reading
Sun Star - 2018-05-24
THE Star Wars movie franchise is a nostalgia trip for many of my generation. It was actually the first movie I ever watched as a young boy at the old Meralco theatre way back in the early 80s in a special premiere screening. Seeing moving and talking ...

Ayala Corp. talks to two parties about auto-manufacturing dream
BusinessMirror - 2018-05-24
CONGLOMERATE Ayala Corp. is talking to two parties as a possible partner for its dream to have its own automotive-manufacturing venture in the country. Arthur R ... now already doing through Integrated Micro-Electronics Inc. The company announced in ...

Globe says it fired up 934 new LTE sites nationwide in Q1
newsbytes.ph - 2018-05-24
Mobile operator Globe Telecom said it expanded its LTE coverage across the country by deploying additional 934 LTE sites using the 700MHz, 2600 MHz, and 1800 MHz frequencies in the first quarter of the year including Jolo, Tawi-Tawi, and Batanes.

In their element
BusinessMirror - 2018-05-24
In Photo: Design Foundation Department Chairman Timothy Dacanay, Industrial Design faculty member Tess Quadra, first-place winner Maria Tara Javier, School of Design ... Technological University of the Philippines, the Polytechnic University of the ...

Marawi City set for rehabilitation amid criticism vs Chinese partners
BusinessWorld - 2018-05-24
Inc., A Brown Company, Inc., H.S. Pow Construction and Development, and SDW Realty & Development Inc. "Majority of the companies included in the BMC are Chinese. Two are even state-owned enterprises which mean that state funds of China would be used ...

PSEi rebounds as Fed minutes signal gradual hikes
BusinessWorld - 2018-05-24
Meanwhile, the mining and oil counter lost 2.48% or 247.68 points to 9,710.33, after Semirara Mining and Power Corp. dropped 2.59% or 75 centavos to close at P28.20 each. Industrials was also down by 0.09% or 9.99 points to 10,895.03. Some 1.72 billion ...

PHL Masters: Rates, Carlos stay on top
BusinessMirror - 2018-05-24
With 138 aggregates, the duo stayed on top for the second straight day but braced for a spirited charge from the rest of their pursuers in the last two rounds of the 72-hole championship sponsored by ICTSI, including Balasabas, who struggled off the mound ...

Stocks climb to end 6-day slump
thestandard.com.ph - 2018-05-24
Losers, however, beat gainers, 109 to 74, with 57 issues unchanged. Speculative issue Now Corp., which is bidding to become the third major telecommunications company in the country, jumped 23.7 percent to P11.38, while Bank of the Philippine Islands ...

SEC approves planned IPO of Del Monte Philippines
Rappler - 2018-05-24
MANILA, Philippines - The Securities and Exchange Commission (SEC) on Thursday, May 24, approved the P17.5-billion initial public offering (IPO) of fruit canner Del Monte Philippines Incorporated (DMPI). In a filing with the SEC, the local unit of Del ...

Baguio girl makes cut in Jr. NBA All-Stars
Sun Star - 2018-05-24
The Jr. NBA Philippines 2018 was presented by Alaska National Training ... Merylle Cuasay and Czarlo Salvador as Panasonic Rising Stars, and Aishe Solis and Kim Aaron Tamayo, Cloudfone Awesome Players of the Game. "The Jr. NBA program gives us the ...

DOTr still in talks with NAIA Consortium over airport rehab terms
Rappler - 2018-05-24
MANILA, Philippines - A consortium made up of 7 of the country's top conglomerates is expected to bag the original proponent status for the rehabilitation, development, operations, and maintenance of the Ninoy Aquino International Airport (NAIA) in two ...

Swiss challenge for Marawi rehab proposals scheduled end of May
BusinessWorld - 2018-05-24
The government inter-agency task force group on Marawi City rehabilitation announced on Thursday, May 24, that the Swiss challenge period for proposals has been rescheduled for next week, "May 30 or 31." Housing and Urban Development Coordinating ...

Alsons plans to tap Japanese funding for first renewable energy project
BusinessWorld - 2018-05-24
Alsons Consolidated Resources, Inc. (ACR) plans to tap up to 700 million yen in Japanese government grant to build its first renewable energy project, the 15.1-megawatt (MW) run-of-river hydroelectric power project along Siguil River in Sarangani province.

Stocks end six-day losing streak after Fed minutes hint at gradual rate hike
BusinessWorld - 2018-05-24
The main index snapped its six-day losing streak on Thursday, May 24, accelerating after the United States Federal Reserve announced its policy of gradual interest rate hikes for the rest of the year. The bellwether Philippine Stock Exchange index went ...

MalacaƱang: Blacklisted Chinese firms deserve second chance
Rappler - 2018-05-24
Roque, on Thursday, May 24, said the companies in question, China State Construction Engineering Corporation (CSCEC ... to rig the bidding of road projects partly financed by the World Bank. The World Bank barred CSCEC and CGC for a period of 6 and ...

Holistic medicine making every individual whole again
BusinessMirror - 2018-05-24
In Photo: The compassionate Dr. Imelda Edodollon of Holistic Integrative Care Center and Holistic ambassador Ronnie Liang According to the World Health Organization, health is defined as a state of complete physical, mental and social well-being ...

Water samples on Pontevedra fishkill above standard limits
Sun Star - 2018-05-24
This was the result of the laboratory test conducted by the Bureau of Fisheries and Aquatic Resources (BFAR) in Western Visayas. Teody Sayson, supervising agriculturist of the Municipal Government of Pontevedra, Wednesday, May 23 told SunStar Bacolod that ...

1,278 joining Century Tuna Ironman
Tempo - 2018-05-24
From three 5150 and three IRONMAN 70.3 events, Century Tuna puts up the ultimate test in endurance races in a test of physical strength and mental toughness - the first full Ironman on June 3 in Subic ... by Sunrise Events, Inc. and presented by Alaska ...

PHILIPPINE NATIONAL BANK
Economic Times - 2018-05-24
China claims almost all of the South China Sea.Vietnam, Philippines, Malaysia, Brunei and Taiwan have counter claims over the area. In the last 48 hours Trump has sounded upbeat, saying the June 12 meeting will still go ahead, or that it could happen at a ...

Meralco, FDC eye Ayala coal stake
Manila Standard Today - 2018-05-23
Meralco PowerGen Corp., the power generation unit of Manila Electric Co., and FDC Utilities Inc., controlled by Filinvest Development Corp., are looking at the proposal of the Ayala Group to sell 50 percent of its coal assets valued at $1 billion.

Does the Philippines have limited options on the South China Sea issue?
philstar.com - 2018-05-23
While the arbitral award gave the Philippines legal victory, the ruling also had security implications such as the protection of Filipino fishermen in Scarborough Shoal, securing the country's gas and oil exploration projects in Reed Bank and ensuring the ...

Petron tossers open bid with a bang
Manila Standard Today - 2018-05-23
Powerhouse Petron XCS kicked off its title-retention campaign on a sizzling note as it torched Generika-Ayala A, 19-21, 21-14, 15-8, in the opening salvo of the Philippine Superliga (PSL) Beach Volleyball Challenge Cup yesterday at the Sands By the Bay in ...

Faster spending growth widens 4-month deficit
BusinessWorld - 2018-05-23
Ricafort, economist at Rizal Commercial Banking Corp., said ... income tax, estate and donors taxes, while stripping away some value-added tax incentives. Guian Angelo S. Dumalagan, market economist at the Land Bank of the Philippines, meanwhile said ...

Seeking a better Customs bureau
thestandard.com.ph - 2018-05-23
As a result of investigations, charges were filed against the owners, officials, and brokers of the involved corporations, including the officials of Asian Terminals Inc., which released the containers. As reported by the BoC, these people "connived to ...

Ayala enters Australian renewables market
BusinessWorld - 2018-05-23
AC ENERGY Holdings, Inc. is making its foray into Australia, as it announced on Wednesday its acquisition of a 50% stake in the Australian business of UPC Renewables. "AC Energy is very excited to invest into UPC Renewables Australia as it complements AC ...

DOE, oil firms meet on measures to cushion petrol prices
BusinessMirror - 2018-05-23
At present, PUVs avail of a P1.00/liter discount under an existing MOA between the DOE and only three oil firms-PETRON Corporation, Pilipinas Shel and Phoenix Petroleum. Also, the DOE is closely coordinating with the Department of finance to discuss new ...

Sun Life subsidiary recognized as best in asset management
BusinessMirror - 2018-05-23
"We are proud to receive this prestigious recognition. We believe this is a testament of the trust our clients and the industry have in us, and we will continue to conduct our business to the highest of standards," said Valerie N. Pama (right ...

Why investing in this earthquake-free paradise matters
BusinessMirror - 2018-05-23
Amurao cited for example Imperial Palace Hotel, a 9-hectare hotel and resort ... value species of groupers," Roberto Abrera of the Regional Fisheries and Aquatic Resources said. The proposed sites are located in barangays Santa Lucia and Binduyan.

Sensex sheds 306 points, Nifty ends below 10,500 on weaker rupee
Domain-b - 2018-05-23
PSU bank NPAs soar to over Rs 6 lakh cr for Q4. Time to press the panic button ... Bayer Cropscience, Astral Poly, GE T&D India, Finolex Industries, Johnson Control Hitachi, Jain irrigation, PNC Infratech, Omaxe, Repco Home, Rupa, Shipping Corporation ...

Interest-rate outlook compels investor shift to bonds
BusinessMirror - 2018-05-23
BPI Asset Management and Trust Corp., a fully owned subsidiary of the Bank of the Philippine Islands, is firm on its long-term bullish outlook of the global equities market as global economic growth continues. As manager of the largest funds in the country ...

Balasabas, 3 others share lead
thestandard.com.ph - 2018-05-23
Jobim Carlos and Joenard Rates at the start of the rich ICTSI Villamor Philippine Masters at the Villamor Golf Club yesterday. Bracing for a long, arduous day after a bogey on No. 2 of the tight, tree-lined layout, Balasabas, who placed eighth here last ...

AC Energy expands RE portfolio to Australia
BusinessMirror - 2018-05-23
AC Energy Holdings Inc., the power arm of Ayala Corp., is expanding its renewable-energy (RE) portfolio overseas by investing $30 million for a 50-percent interest in UPC Renewables Australia. "AC Energy is very excited to invest into UPC Renewables ...

NEA to address power interruption in Catanduanes
BusinessMirror - 2018-05-23
SP Resolution 418-2017 rules the lease and sublease agreements between the National Power Corp. (Napocor) and Ficelco; and Ficelco and Catanduanes Power Generation Inc. expired on October 17, 2017. The contracts were no longer extended. The Napocor assured ...

Revenue of DMCI Power, construction arm rose in Q1
BusinessMirror - 2018-05-23
OFF-GRID energy player DMCI Power Corp. posted double-digit sales growth of 17 percent in the first quarter of 2018, while construction firm DM Consunji Inc. saw its revenues rise by 11 percent on higher orders. DMCI Power said its volume reached 63 ...

Masbate now coal-free
BusinessMirror - 2018-05-23
In 2008 the office of the Sangguniang Panlungsod of Masbate City strongly objected to the establishment of the DMCI Masbate coal-fired power plant in Barangay Pinamarbuhan, Mobo, Masbate, due to its harmful impact to the environment and adverse effects on ...

PPI confab: Reclaiming the value of journalism in disinformation age
Sun Star - 2018-05-23
THIS year marks the 54th anniversary of the Philippine Press Institute (PPI), also known as the national association of newspapers ... embassies, and civil society organizations. The theme for this year is "Reclaiming the Value of Journalism: In an ...

CariƱo rules Le Tour de Filipinas
BusinessMirror - 2018-05-23
The Navymen had a total clocking of 37 hours, 21 minutes and 41 seconds, more than seven minutes ahead of their 7-Eleven counterparts wound up second in the race. That somehow eased some pain they felt after Navy vital cog Junrey Navarra suffered a ...

Balasabas, three others share PHL Masters lead
BusinessMirror - 2018-05-23
Jobim Carlos and Joenard Rates at the start of the rich International Container Terminal Services Inc. (ICTSI) Villamor Philippine Masters at the Villamor Golf Club (VGC) on Wednesday. Bracing for a long, arduous day after a bogey on No. 2 of the tight ...

Market tumbles; Globe, BPI drop
thestandard.com.ph - 2018-05-23
Losers overwhelmed gainers, 116 to 66, with 55 issues unchanged. Globe Telecom Inc., the second-biggest telecommunications firm, tumbled 5.5 percent to P1,542, while SM Investments Corp. of retail tycoon Henry Sy Sr. shed 3.5 percent to P850. Bank of the ...

Powerhouse Rondina-Pons pair rallies in PSL beach volley opener
Rappler - 2018-05-23
MANILA, Philippines - Powerhouse Petron XCS kicked off its title-retention campaign on a sizzling note as it torched Generika-Ayala A, 19-21, 21-14, 15-8, in the opening salvo of the Philippine Superliga (PSL) Beach Volleyball Challenge Cup on Wednesday ...

Marawi Task Force wants ground zero rehab finished by 2021
CNN Philippines - 2018-05-23
Metro Manila (CNN Philippines, May 23) -- It will take three more years before ground zero in Marawi City is fully rebuilt, government rehabilitation initiative Task Force Bangon Marawi (TFBM) said on Wednesday. "Well, in terms of the most affected area ...

Masbate bans coal-fired energy projects
Rappler - 2018-05-23
MANILA, Philippines - Masbate, one of the oldest settlements in the Philippines, is no longer allowing the use of coal as a source of energy in a bid to limit its carbon output. Masbate issued Provincial Resolution No. 096-18, declaring the province ...

AC Energy moves to buy 50% stake in UPC Renewables Australia
BusinessWorld - 2018-05-23
AC Energy, a subsidiary of Ayala Corp., said its entry into the Australian renewables market is through a joint venture with the international renewable energy developer. "AC Energy is very excited to invest into UPC Renewables Australia as it ...

DOE wants Pinoys to tap renewable-energy sources
BusinessMirror - 2018-05-23
File photo of the 150-MW Burgos Wind Project in Burgos, Ilocos Norte, of the Lopez-owned Energy Development Corporation. The Department of Energy (DOE) is soliciting comments from industry stakeholders on a proposed policy that allows consumers to choose ...

Airlines obey Beijing's demand to call Taiwan part of China
Star Tribune - 2018-05-23
The AP found that Air Canada, Lufthansa, British Airways, Finnair, Garuda Indonesia, Asiana Airlines, and Philippine Airlines all have changed the way they refer to Taiwan to bring their global websites in line with the Chinese Communist Party's vision.

Airlines obey Beijing's demand to call Taiwan part of China
NewsOK - 2018-05-23
The AP found that Air Canada, Lufthansa, British Airways, Finnair, Garuda Indonesia, Asiana Airlines, and Philippine Airlines all have changed the way they refer to Taiwan to bring their global websites in line with the Chinese Communist Party's vision.

Racing industry holds summit
Manila Standard Today - 2018-05-22
Philracom is mandated with supervising and regulating the industry. Also among the attendees were top honchos of the racing clubs: lawyer King Reyno of Manila Jockey Club, Santiago Cualoping of Santa Ana Park, and lawyer Alexander Carandang of Metro Manila ...

ASIA A Legal Guide for Business Investment and Expansion: China
JD Supra - 2018-05-22
JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the ...